2022 Small Business Support Program for NSW Business Owners

Last week the NSW Government announced the new Support Program for Small Businesses who have been impacted by Omicron strain of Covid-19.

Applications open on the 14th of February 2022 on the Service NSW website.

In summary, the Support Grant criteria is as follows:

  • Applications open 14th February 2022 and close 31st March 2022.
  • Must have been actively in business as at 1 January 2022.
  • Have had an aggregated annual turnover between $75,000 and $50 million (inclusive) for the year ended 30 June 2020 or 30 June 2021.
  • Turnover reduction of 40% or greater, during the month of January or first half of February 2022.
  • The Grant will be calculated at 20% of your weekly payroll during the month of February 2022.
  • The minimum payments will be $750 per week, and the maximum will be $5000 per week. For non-employing businesses and sole traders, they will be eligible to receive $500 per week.
  • For businesses will need their Accountant or Bookkeeper provide a letter supporting their application if they are not in a highly impacted industry.

More information and criteria is set out in Support Program guidelines on the Service NSW Website.